Monday, June 27, 2011
Take Action
When you walk into our offices at Lighthouse Coaching the first thing you may see is a white board with the words TAKE ACTION on it. We originally put this white board up so that we could write a quote of the week on it. As the weeks went by and the more people we would see the common theme was that people will not do anything about a bad situation until it may be too late. Even after the problem is identified it is a struggle for a person to make a change. However, IF the change can produce an immediate result than something will be done. But the truth is most of the time the right thing to do is not the easiest nor is it the quickest but ACTION must be taken. How about you dream first? Then take that dream and cast a vision for the future. With that vision lets set some goals, long and short. With this in place let’s TAKE ACTION! If you need a goal setting worksheet download for free HERE
Common Problem, Easy Fix
As our experience in Person Financial Coaching grows we have started to see trends in the causes of most financial hardships in marriages. Far from the following comments to be scientific in but purely from the thousands of hours spent coaching couples in how to deal with their finances.
So let’s talk about the most common issue at hand, when one partner has no clue about the bills. This seems to be very old fashion way of handling the finances? With most couples it is the wife that is left with the burden of paying the bills. It is lumped in with all the other household duties, not to mention the fact that she also is working a full or part time job.
Common scenario…… he works and makes and average 40 to 60k, she works and makes 20 to 40k. Combined income pretty decent and above the local norm. However, credit card debt is growing and cards are maxed out. Why? Because they have not always made this type of income but they have been living on that income for years. While the income went up so did the spending, bring them to the point today where the credit cards can no longer hide the truth…..They spend more than they make!
The fault is to be shared and is not to be placed on the person paying the bills. Ignorance is not a defense. Your household should be run like a business and as CEO of your household no financial decision should pass without your approval. Not so that you can be a dictator but rather so that the burden of finances does not fall on the person you love the most.
95% of Lighthouse coaching sessions begin with how couples should communicate with each other over the budget. If you find yourself in this situation download our BUDGET form or setup a time for a free consultation
So let’s talk about the most common issue at hand, when one partner has no clue about the bills. This seems to be very old fashion way of handling the finances? With most couples it is the wife that is left with the burden of paying the bills. It is lumped in with all the other household duties, not to mention the fact that she also is working a full or part time job.
Common scenario…… he works and makes and average 40 to 60k, she works and makes 20 to 40k. Combined income pretty decent and above the local norm. However, credit card debt is growing and cards are maxed out. Why? Because they have not always made this type of income but they have been living on that income for years. While the income went up so did the spending, bring them to the point today where the credit cards can no longer hide the truth…..They spend more than they make!
The fault is to be shared and is not to be placed on the person paying the bills. Ignorance is not a defense. Your household should be run like a business and as CEO of your household no financial decision should pass without your approval. Not so that you can be a dictator but rather so that the burden of finances does not fall on the person you love the most.
95% of Lighthouse coaching sessions begin with how couples should communicate with each other over the budget. If you find yourself in this situation download our BUDGET form or setup a time for a free consultation
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